how much is your $1 a month savings could potentially be, if you convert it into bitcoin rather than saving it in a bank?
In the previous post we discussed why you should invest in Bitcoin as early as possible and what are the characteristics of bitcoin that make it valuable. In this post we look at potential reasons why bitcoin price might increase in the future and also what kind of investing strategy can be chosen.
Why bitcoin price might increase
There are many factors why bitcoin price is undervalued today:
Bitcoin investment strategy
If you are not a professional trader, the simplest USD-cost averaging strategy works very well. It means that with regular intervals you purchase bitcoins with the same USD or other fiat currency amount (e.g. every 1st day of month buy $1 worth of bitcoins). What does it practically means? If bitcoin price increases you purchase smaller amount of bitcoins, however, your previous holdings increase in value. With price decrease your holdings decrease in value, however, with every purchase you get more bitcoins and reduce your average USD purchase price of 1 BTC.
Sometimes it is recommended to enrich this strategy with buying more than standard amount in case there is significant drop in price.
If the long-term price of bitcoin increases, and according to reasons listed above it potentially might increase, this strategy will give you smooth capital increase.
Let’s look at the history of bitcoin prices and calculate what would be the result of such investment purchased thru leading exchanges like CEX.io, Coinbase or Coinsph (Philippines) in case someone would have started at the highest price in 2013 (means the worst time to start your investments). For simplicity reason we will use Coinsph exchange rate to cater Filipino people who are massively using the remittance services all over the globe. Also the availability of a filipino to start buying bitcoin and can easily cash out to convert in Php started in 2014 when Coinsph started, so back then there were no other ways to buy bitcoin, however, today they are much more options.
The table below shows that if you can save 50PhP or 1$ every month since 2014 up to now 2017 in a span of 45 months, you will be surprised for how much money you would have today.
As a result one would have done $45 or PhP2,250 as investment and would hold a total of 0.095BTC. So the whole sequence of investments is equal like simple way of saving in the piggybank. Current price is ~$3,578 and your current holdings in USD equivalent would have been roughly $341.71 or PhP17,538.27 a growth of whooping 779.5% that not any bank can give you that high return of investment. Investing in Bitcoin is absolutely like magic, isn't it?
Is it achievable?
The question is, can you afford to save 50PhP per month? The answer is absolutely yes it's like putting aside of 1.66 pesos a day. Even a beggar can do it as well.
What if you will not save for it but instead get PhP50 for free? Sounds great right, well you can do it by signing up in Coinsph, verify your email address, Upload a valid I.D. and take a selfie, then find a total of 45 person (1 person per month) that will sign up also in Coinsph and will do the same verification as you did, then there you go, you will be receiving a PhP50 bonus from Coinsph every month as your referral commission.
Is it hard? absolutely no, you only need 1 person per month, how many friends do you have in Facebook? Problem solved!
This is a screenshot of my account in Coinsph, doing the investment strategy above, the moment I received 50PhP as my referral commission or any peso rebates when I pay bills, I always convert it to BTC. You can do it too, I just started doing this last August 2017.
It is never too late to invest in Bitcoin and it is absolutely better late than never, right?
You can save not just 50PhP per month, the more the better, rather than saving it in a bank, and for some advantage as well by paying your bills and falling in line no more. The revolutionary ease of Coinsph services is super amazing.
My real experience, before the bills is due, I will put money on my Coinsph account then the moment the due date comes, I will just pay it thru my Coinsph, I put in PhP5,000 and the value of my BTC went up and became PhP6,000, did I save my time not falling in line to pay the bills? Yes, did I earn? Absolutely Yes, I have Php1,000 remaining in my BTC balance that time. That's another magic right there.
saving $2 or php100 per month
You will be having a total value of PhP35,168.91 after 45 months.
saving $20 or php1,000 per month
You will be having a total value of PhP351,689.06 after 45 months.
The facts above is based on the previous Bitcoin Market Price and for a certain reason it will continue to increase as more new people will adopt for the first time of using Bitcoin for any relevant purposes.
In the end of the day we will always make a habit of saving for our future and Bitcoin has an amazing result if you venture into it even if you don't trade and of course, saving is not meant to be spent, think of it as your lost money and you only need to spend it for emergency (I just did it, when I am about to go out in a parking lot and I don't even have any cash to pay for it I don't bring ATM cards as well, what I did, I find an ATM to cashout some of my balance in Coinsph in the middle of the night). My money problem is solve in a single tap of a button in my Coinsph app.
What I love about Coinsph is thay you can cashout money from your Coinsph balance without any ATM card.
To generate a very high return on investment in Bitcoin let it grow long-term at least a year if you want to see a significant growth especially with the very volatile Bitcoin Price everyday.
Are you ready to be Pro? Be a Bitcoiner Pro and start contributing to your future capital and who knows 5 years from now, you will be having a millions worth in your Bitcoin Investment.
Did you find this post helpful, please share to your friends and let them invest too in their future.
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